| SCHEDULE OF DISAGGREGATION REVENUE |
The following table identifies the disaggregation
of the Company’s revenues for the years ended December 31, 2024 and 2023, respectively:
SCHEDULE
OF DISAGGREGATION REVENUE
| | |
December 31,2024 | | |
December 31,2023 | | |
December 31,2022 | |
| Revenues | |
| | | |
| | | |
| | |
| Electric vehicles and accessories sales | |
$ | 21,132,121 | | |
$ | 14,298,967 | | |
$ | 16,930,201 | |
| | |
| | | |
| | | |
| | |
| Software royalties | |
| 344 | | |
| 236,005 | | |
| 376,868 | |
| Software development and design services | |
| 56,141 | | |
| 939,946 | | |
| 991,496 | |
| | |
| | | |
| | | |
| | |
| Software royalties and development and design subtotal | |
| 56,485 | | |
| 1,175,951 | | |
| 1,368,364 | |
| | |
| | | |
| | | |
| | |
| Total revenues accounted for under ASC Topic 606 | |
$ | 21,188,606 | | |
$ | 15,474,918 | | |
$ | 18,298,565 | |
|
| SCHEDULE OF COST OF REVENUES |
SCHEDULE
OF COST OF REVENUES
| | |
December 31,2024 | | |
December 31,2023 | | |
December 31,2023 | |
| Cost of revenues | |
| | | |
| | | |
| | |
| Electric vehicles and accessories | |
$ | 18,160,407 | | |
$ | 12,561,601 | | |
$ | 14,689,913 | |
| Software development and design services | |
| 571,588 | | |
| 705,220 | | |
| 583,268 | |
| | |
| | | |
| | | |
| | |
| Total cost of revenues | |
$ | 18,731,995 | | |
$ | 13,266,821 | | |
$ | 15,273,181 | |
|